$XAUT SHORT 🔻📉
entry: 4,000
tp1: 3,870
tp2: 3,800
tp3: 3,700
stop: 4,065
Gold is trading below the MA(7), MA(25) and MA(99) on the daily, down about 19% from the 4,863 high and now under the 4,000 level. A bounce back into the 3,990-4,010 zone looks like a chance to sell the retest. If sellers defend it, I'd expect a move toward the 3,870 low, and potentially 3,700, with the setup invalidated on a daily close above 4,058 (MA25).
Expect volatility around today's US elections. Not financial advice, DYOR. ⚠️
